March 21, 2025

FHA Lending Slows in Fourth Quarter Despite Refi Spike

FHA-to-FHA refis increased by nearly 70% in the fourth quarter while purchase mortgage volume slid 12.4%. United Wholesale Mortgage remained the largest FHA lender in 2024. Read More

Effects of HUD Staffing Cuts Elusive for FHA Lenders

FHA lending looks to be continuing uninterrupted amid recent staff cuts at HUD, though there are concerns about operations and oversight going forward. Read More

Correspondents Recapture Government Lending Share

In the fourth quarter of 2024, correspondent aggregators regained FHA/VA market share previously lost to wholesale-brokers. Read More

FHA Rescinds Biden-Era Anti-Bias Appraisal Policies

FHA walked back appraisal policies introduced during the Biden administration that had aimed to counter the effects of discrimination in property valuations. Read More

Bill in Congress Would Authorize VA Partial Claim Program

The bill would authorize the VA to implement a partial claim program similar to FHA’s program, essentially replacing VASP. Read More

HUD OIG Finds Quality Control Concerns at loanDepot, CMG

The quality control processes of two FHA lenders affected review sample sizes, risk evaluations and reviews of loans that experience early payment defaults. Read More

HUD OIG Faults Carrington, MidFirst on Foreclosures

The HUD Office of Inspector General said Carrington and MidFirst improperly set FHA foreclosures in motion for borrowers who were still under review, and ultimately qualified for loss-mitigation options, placing unnecessary hardship on the borrowers and creating risks for HUD. Read More

Around the Industry

Continuing resolution holds funding for HUD at FY 2024 levels; Rural Development retracts authority for noncitizens to apply for single-family guaranteed loans; VA Loan Guaranty Service posts FAQs. Read More

Inside FHA/VA Lending

View Archived Issues

FHA Lending Slows in Fourth Quarter Despite Refi Spike

Effects of HUD Staffing Cuts Elusive for FHA Lenders

Correspondents Recapture Government Lending Share

FHA Rescinds Biden-Era Anti-Bias Appraisal Policies

Bill in Congress Would Authorize VA Partial Claim Program

HUD OIG Finds Quality Control Concerns at loanDepot, CMG

HUD OIG Faults Carrington, MidFirst on Foreclosures

Around the Industry

Latest Imf News

Residential MBS Issuance Declines Slightly in First Quarter

Originations Up on Annual Basis in 1Q at Chase, Wells

Trump Admin Plans to Constrain Home Price Appreciation

Sales of Existing Homes Decline in March

Featured Data

ARM Production Bounces Back in Fourth Quarter

Home Equity Loan Originations Decline in Fourth Quarter

GSE Seller Buybacks and Unresolved Claims Decline

Profits Sag at FHLBanks in Fourth Quarter

Featured Reports

Mortgage Profitability Report 4Q25 (PDF)

Agency Channel Analysis: 4Q25 (PDF)

IMF Mortgage Directory: Full interactive database

IMF HMDA Dashboard: 2024

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

Inside FHA/VA Lending

March 21, 2025

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?